Divya Agarwal
Jaipur (Rajasthan) [India], May 16: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), one of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced its Audited Financial Results for Q4 & 12M FY26.
Q4 FY26 Consolidated Key Financial Highlights
- Total Income of ₹181.40 Cr, YoY growth of 33.55%
- EBITDA of ₹33.55 Cr, YoY growth of 77.56%
- EBITDA Margin stood at 18.69%, improved by 432 bps YoY
- Net Profit of ₹23.36 Cr, YoY growth of 57.14%
- Net Profit Margin stood at 12.88%, improved by 193 bps YoY
- Diluted EPS of ₹3.75, YoY growth of 56.90%
12M FY26 Consolidated Key Financial Highlights
- Total Income of ₹609.81 Cr, YoY growth of 38.06%
- EBITDA of ₹112.48 Cr, YoY growth of 59.52%
- EBITDA Margin stood at 18.74%, improved by 234 bps YoY
- Net Profit of ₹76.47 Cr, YoY growth of 44.62%
- Net Profit Margin stood at 12.54%, improved by 57 bps YoY
- Diluted EPS of ₹12.30, YoY growth of 26.15%
Q4 FY26 Standalone Key Financial Highlights
- Total Income of ₹204.93 Cr, YoY growth of 55.06%
- EBITDA of ₹17.99 Cr, YoY decline of 11.13%
- EBITDA Margin stood at 8.91%, declined by 657 bps YoY
- Net Profit of ₹16.87 Cr, YoY growth of 22.69%
- Net Profit Margin stood at 8.23%, declined by 217 bps YoY
- Diluted EPS of ₹2.71, YoY growth of 23.18%
12M FY26 Standalone Key Financial Highlights
- Total Income of ₹689.95 Cr, YoY growth of 57.36%
- EBITDA of ₹84.79 Cr, YoY growth of 19.41%
- EBITDA Margin stood at 12.54%, declined by 393 bps YoY
- Net Profit of ₹71.31 Cr, YoY growth of 42.11%
- Net Profit Margin stood at 10.33%, declined by 111 bps YoY
- Diluted EPS of ₹11.47, YoY growth of 24.00%
Key Operational & Strategic Highlights — FY26
- Exports at ~₹99 crore across 18 countries, led by UAE (37.9%), USA (31.1%) & Italy (13.3%)
- Balance Sheet Strengthens Significantly: Total assets increased to ~₹932 Crore (↑57% YoY); PP&E at ~₹314 Crore (↑~268% YoY), reflecting commissioning of new facility.
- New CFO Onboard: Mr. Pawan Nawal appointed as CFO w.e.f. 15th May 2026.
Commenting on the Performance, Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited, said, “FY26 marks a pivotal phase in KRN’s journey, reflecting a clear transition to a higher scale of operations. During the year, we delivered strong consolidated revenue growth of ~38% to ₹610 Crore, supported by consistent execution, improving capacity utilisation, and the initial contribution from our new facility. Importantly, this growth was accompanied by healthy profitability, with EBITDA increasing ~60% YoY and margins strengthening to ~18.7%, indicating improving operating efficiency.
The quality of growth became more visible as the year progressed. Q4 FY26 was particularly encouraging, with standalone revenue crossing ₹200 Crore for the first time, reflecting stronger order momentum and better conversion. The new HVAC manufacturing facility is now operational and gradually scaling up, which will further support growth and enhance our ability to serve larger and more complex requirements.
Exports continued to be a key growth driver, reaching ~₹99 Crore with a diversified presence across 18 countries, with the UAE and USA together contributing ~70% of export revenues, reflecting strong traction in our key international markets.
Over the past few years, we have consciously invested in expanding capacity, strengthening capabilities, and building a broader product portfolio. This foundation is now beginning to translate into performance. Our increasing engagement with larger customers, along with improving export traction, is providing better visibility and contributing to a more resilient business mix going forward.
The broader industry environment remains supportive, driven by demand across data centres, infrastructure, mobility, and industrial applications. With a stronger platform now in place, our focus is on sustaining growth momentum, improving operating leverage, and driving consistent value creation. We believe we are well-positioned to capitalise on the opportunities ahead.”
About KRN Heat Exchangers and Refrigeration Limited
KRN Heat Exchanger and Refrigeration Limited (KRN, the “Company”), founded in 2017 in Neemrana, India, specializes in manufacturing aluminium and copper fin and tube heat exchangers, including water coils, condenser coils, and evaporator coils. Their products are widely used by OEMs in the HVAC&R industry for heating, ventilation, air conditioning, and refrigeration applications. With a factory spanning 1,50,000 square feet, KRN produces over 1 million units annually, exporting around 16.3% of its output.
The company is supported by a skilled engineering team with over 20+ years of industry experience, focusing on creating customized, durable solutions that meet international quality standards. By building on their expertise, KRN focuses on product quality and manufacturing processes for reliable end-user solutions.
In FY26, the company reported significant financial results, including Standalone total income of ₹689.95 Cr, EBITDA of ₹84.79 Cr, and Net Profit of ₹71.31 Cr
